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3 years ago

Fritz Evans is the owner and operator of Be-The-One, a motivational consulting business.

Business

1 answer:

almond37 [142]3 years ago

5 0

Answer:

2013 Equity: 298,000

2014 Equity: 327,000

Explanation:

(A)

Assets = Liabilities + Equity

395,000 = 97,000 + Equity

395,000 - 97,000 = Equity

298,000 = Equity

(B)

if asset increase by 65,000

and liabilities increase by 36,000

(395,000 + 65,000) = (97,000 + 36,000) + Equity

460,000 = 133,000 + Equity

Equity = 460,000 - 133,000 = 327,000

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4 years ago

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4 years ago

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